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Wednesday, April 23, 2014

BREAKING NEWS: Swan Racing Announces Ownership Shuffle

Swan Racing's Brandon Davis

Swan Racing
announced today that it has successfully restructured the company by finding
solutions for the Nos. 26 and 30 teams in an attempt to save the jobs of the
crews, the drivers, and to keep those teams competing throughout the 2014
NASCAR Sprint Cup Series.

As a result,
Anthony Marlowe has merged his ownership of the No. 26 team into BK Racing,
effective immediately. Cole Whitt will remain behind the wheel of the No. 26.

The No. 30 team
has been sold to John Cohen of XxxTreme Motorsports, who will operate the team
going forward with veteran driver J.J. Yeley. Stephen “Bones” Lane will
serve as crew chief, joined by several other former Swan Racing
crewmembers.

Driver Parker
Kligerman remains under contract with Swan Racing, which will seek to identify
options for him to get back on track.

Team owner
Brandon Davis commented on the move, saying, “I want to first thank our employees,
fans, and others in the NASCAR industry for their patience and understanding
over the past several days while we work out the future of Swan Racing.

“As previously
stated, the team is restructuring due to a lack of additional funding.
However, over the past couple weeks, we worked tirelessly to find an
alternative to ending operations. Fortunately, we were able to find a home for
the No. 26 team and the No. 30 team, thanks to Anthony Marlowe and Jonathan
Cohen respectively.

Anthony Marlowe

“Anthony and
Jonathan are both young and ambitious NASCAR enthusiasts. It is important
to keep them in the sport for the long term. I am very relieved to know
that the Nos. 26 and 30 teams will be in good hands and will continue to
compete the remainder of the 2014 NASCAR Sprint Cup Series season. Most
importantly, most of the team members have the opportunity to continue their
employment in the sport and to support their families. This was
critically important to me.

“Swan Racing is
exploring any and all options to keep Parker Kligerman on track throughout the
season. We are encouraged by the response we have received from
interested parties. Parker continues to be one of the most talented young
drivers in NASCAR. He brought this racing team one of its strongest results in
his first race with us, and we are certain of his success in the
future.

“We will
provide updates as new information and facts are established.”

“I respect
Brandon Davis and everything he has done for the Swan Racing Company,” said
Marlowe today. “Looking forward, my mission is to ensure Cole Whitt races
in every NASCAR Sprint Cup event this season. I am thrilled about the No. 26
team merger with my new partners at BK Racing. My friend Ron Devine and the BK
Ownership group really stepped up to enable me to keep the No. 26 on the track.
Cole and Randy are off to an auspicious start in 2014 for a new Cup Team and we
are gearing up for Richmond. In addition to the No. 26 team’s performance so
far this year, the new ‘win and you’re in’ system and qualifying rules were
motivating and positive factors in my continued investment in NASCAR."

“I’ve always
had a good relationship with Brandon and always said if we can help each other
or work together when the time is right that we should do it,” said
Cohen.

“I’m grateful
for the opportunity Anthony Marlowe is giving me to continue the NASCAR Sprint
Cup season,” said Whitt. “I want to thank Brandon Davis and everyone at Swan
Racing for the opportunity they gave me to race for the team.”

“Although it's
unfortunate we are having to scale back, I look forward to the future and the
exciting things that I'm confident we will accomplish at Swan Racing or with
another team,” said Kligerman. “I value the relationship that I've had
with Brandon Davis and am very grateful for him giving me an opportunity to
compete in the NASCAR Sprint Cup Series. Whether I continue to race with
Brandon and Swan Racing or end up with another team, I will always give it my
all on and off track to be the best I can be.”